Geofencing Market is set to expand at a stellar CAGR of 30.0% and generate revenues worth over US$ 2 billion by the end of 2022
Albany, NY -- (SBWIRE) -- 02/14/2019 -- Geofencing Market: Overview
Transparency Market Research has developed an exclusive market study on geofencing, analyzing the market from a global perspective and deriving forecast on its expansion for the assessment period, 2017-2022. Key players in the global geofencing market have been identified and profiled to create baseline for market size forecasting. By aggregating the revenues of these players for the past five years, the report offers a comprehensive analysis on the historical growth of the global geofencing market. In addition, notable developments undertaken by these players have also been studied to gauge their influence in the expansion of the global geofencing market for the immediate future.
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Executive summary and overview are the initial sections in the report that offer summarizing outlook on the forecasted market size estimations across metrics such as compound annual growth rate (CAGR), Year-on-Year (Y-o-Y) growth rate, and absolute dollar opportunities. The executive summary highlights the regional market forecast, while the overview provides a standard introduction to the overall global geofencing market. The term "geofencing" has also been defined in the overview of the report.
The report has further provided exhaustive analysis on a slew of factors influencing the growth dynamics of the global geofencing market. Analysis on parameters such as internet user penetration, smartphone penetration, vendor list, and IoT spending has also been provided in the report. The report also delivers an intensity map that demarks the presence of key companies across multiple regions. These companies have been extensively profiled in the section dedicated to revealing the competition landscape in the global geofencing market. Current market standings and strategic undertakings of market players have been disclosed in this section.
Key sections in the report reveal the analysis and forecast of the global geofencing market across several segments. Primary segmentation of the global geofencing market includes the component, the type of network, end-use industry, and region.
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On the basis of components, the global geofencing market is segmented into
Network-based segmentation of the global geofencing market entails:
Unlicensed Low Power Technology
Key end-use industries segmented in this report are:
Transportation and Logistics
Healthcare & Life Sciences
Aerospace & Defense
The report has also analyzed the expansion of the global geofencing market across regions, namely:
North America (US and Canada)
Latin America (Brazil, Argentina, Mexico, etc.)
Europe (Western European and Eastern European countries)
APEJ (Asia-Pacific excluding Japan)
MEA (Middle East & Africa)